AGP Executive Report
Last update: 10 hours agoFinancial Modernisation: President Irfaan Ali says Guyana’s banking is entering a “new era” as FASTA, the real-time payment system, is set for a June 2, 2026 launch, while Guyana also moves to integrate with India’s UPI for faster, phone-and-internet transfers. Cash Support Without Bank Accounts: Agriculture Minister Zulfikar Mustapha reassures rice farmers that the 2026 cash grant won’t exclude people without bank accounts—cheques will be delivered directly after registration and verification. Oil Wealth, Everyday Strain: Despite rising oil and Natural Resource Fund figures, reports show some Guyanese are buying basic food items on credit, including single tennis rolls and butterflaps. Wales Gas-to-Energy Pressure: Opposition MPs renew criticism over delays and rising costs tied to the Wales GtE project, after the government admitted a US$97M settlement that lifts the contract by 12.8%. Regional Security Spending: SIPRI reports Brazil remains South America’s top defence spender, while Uruguay’s military budget jumped sharply—another sign of a tense regional backdrop.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result.
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